Economy China blasts new US tariff threat, warns it will retaliate Updated : June 21, 2018 09:04 AM IST Trump's announcement fueled fears that economic losses, limited so far to companies hit by US or Chinese tariff hikes, might spread if the dispute chills global trade. Global stocks fell after Trump's announcement. China's market benchmark dropped 3.8 percent while Hong Kong's lost 2.8 percent. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.